Novagold (NG) Director Daniel Muniz Receives 1,151 DSU Award

What Happened
Daniel Muniz Quintanilla, a director of Novagold Resources Inc. (NG), was granted 1,151 Deferred Share Units (DSUs) on 2026-09-01. The Form 4 reports the award at $0.00 per unit (code A — award/grant); no cash changed hands in an open‑market trade.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (appears timely).
• Amount granted: 1,151 DSUs; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: DSUs are the economic equivalent of one common share each but the underlying common shares are not issued and the director has no voting or dispositive rights until termination of service. Grants to non‑U.S. participants expire Dec 31 of the year after termination; U.S. participant grants expire 90 days after termination.

Context
DSUs are a form of deferred compensation commonly used for directors; they do not represent immediate share ownership or voting power and are typically settled (converted to or paid as shares/cash) only when the director leaves the board or otherwise terminates service. This award is a routine comp‑type grant rather than an open‑market purchase or sale, so it should not be interpreted as an immediate bullish or bearish market signal.